Reading, organizing and manipulating accounting data

Abstract

A financial reporting system for reading, organizing and manipulating any accounting data and producing financial reports that may be customized to the preferences of the user. In one embodiment there is an organizational data structure for accounting data, including a trial balance data structure having a plurality of trial balance data structure elements containing accounts of the accounting data, wherein the trial balance data structure elements are linked by a distinct doubly linked list of trial balance data structure elements pointers, further comprising sub-lists of trial balance data structure elements pointers to group the accounts of the accounting data into financial statement items.

Description

RELATED APPLICATIONS[0001]This application is a continuation-in-part of U.S. application Ser. No. 09 / 736,345, filed Dec. 15, 2000, which claims the benefit of U.S. Provisional Application No. 60 / 172,587, filed Dec. 20, 1999. Each of these applications is herein incorporated in its entirety by reference.FIELD OF THE INVENTION[0002]The invention relates to a process, a method and system for reading, organizing, and manipulating accounting data to create financial reports.BACKGROUND OF THE INVENTION[0003]Accounting consists of measuring, taking record of, and communicating the financial data concerning operations relative to the financing, the investments and the running of a business or enterprise. The communication of the information is typically done via financial reports, which are an outcome of the accounting process. The purpose of financial reports is to provide pertinent information for the making of decisions concerning the optimal operation of a business. The presentation sho...

AI Technical Summary

Benefits of technology

"The patent describes a system for creating financial reports for businesses using an organizational data structure for accounting data. The system includes a data organization module for creating a plurality of doubly linked data structures and storing the accounting data elements. A report generator builds financial statements from the accounting data elements. The system also includes a read module for retrieving raw accounting data and selecting accounting data elements. The data structure includes a distinct doubly linked list of trial balance data structure elements pointers, which link the trial balance data structure elements. The system can be integrated with any accounting system capable of producing a trial balance. The financial statement module can put the balances of the trial balance in order and display them as a balance sheet for a faithful and complete presentation of the financial information. The system also includes an accounting reconciliation system for reconciling the accounting data. The technical effects of the patent include improved efficiency in creating financial reports and better compliance with conventional accounting principles."

Problems solved by technology

The income statement and / or the balance sheet must typically be used without the complementary notes and the additional information, therefore limiting the usefulness of the statement.

The user is also limited by the accounting software's rigid framework, which is pre-established, fixed and limits the user to one type of presentation.

Also, the consultation of these financial reports on a screen or display is typically limited to the report itself and the user is unable to find the source of the information.

The generators become more and more complex as they attempt to be less rigid and more integrated because the computer designers lack a comprehension of the field of accounting and the requirements of the accounting field.

And, the word processor typically has no integration with the accounting data of the accounting system.

While the industry is replete with products and tools for bookkeeping, there were no universal tools offering the flexibility and capacities of a word processor while integrating accounting data, to perform such processes and facilitate the work done by accounting persons such as accountants, financial officers, and auditors.

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